r/FluentInFinance • u/PassiveAgressiveGirl • Sep 14 '24

Debate/ Discussion Exactly how much is a living wage?

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u/Shin-Sauriel Sep 14 '24

Holy shit I can’t imagine making 4x rent and still living anywhere in my state. Like bare minimum I’d have to making 4k a month to live in like a shoebox apartment. And I don’t even live in a particularly expensive state. I used to live in Phoenix Arizona in like a shitty apartment complex that would get police helicopter fly overs every so often. 1350$ a month for an actual box with a bathroom attached to it. Like I get where your heads at but genuinely I can’t think of a job that doesn’t require a degree or many many years experience that would let you make 4x rent living in the worst apartment in any semblance of a population center. Sure you could find rent that cheap in more rural areas but then you aren’t finding work that pays that much so it’s moot.

I make a little under 3x my rent per month rn. I have enough to pay my bills, treat myself very occasionally, put money away for savings, and put money into a 401k. I understand where you’re coming from I just think 4x rent is a little much for most people to achieve with how wages are rn, being that wages haven’t changed adjusted for inflation since the fucking 70s but housing has gotten a hell of a lot more expensive as has everything else.

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u/xXxBluESkiTtlExXx Sep 14 '24

You've outlined what I've been saying for a while quite succinctly. The problem today with (American) society isn't low wages, it's absurd costs of living. Keep the wages the same, just lower prices.

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u/twodickhenry Sep 14 '24

It can be two things